The returns include:
Form 990-series annual information returns (Forms 990, 990-EZ, 990-PF, 990-BL);
Form 990-N, “Electronic Notice (e-Postcard) for Tax-Exempt Organizations Not Required to File Form 990 or Form 990-EZ;”
Form 990-T, “Exempt Organization Business Income Tax Return (other than certain trusts);” and
Form 4720, “Return of Certain Excise Taxes Under Chapters 41 and 42 of the Internal Revenue Code.”
To help exempt organizations comply with their filing requirements, the IRS has provided a series of pre-recorded online workshops.
By law, organizations that fail to file annual reports for three consecutive years will see their federal tax exemptions automatically revoked as of the due date of the third year they are required to file. The Pension Protection Act of 2006 (PPA) mandates that most tax-exempt organizations file annual Form 990-series information returns or notices with the IRS. The law, which went into effect at the beginning of 2007, also impose
IRS webinar: File Error-Free Form 1023-EZ
The Tax Exempt and Government Entities Division invites you to register for the free File Error-Free Form 1023-EZ webinar on Thursday, February 4, 2021; 1 p.m. Eastern Time.
This webinar is designed to help smaller organizations that are filing for tax exemption determine:
Who can use Form 1023-EZ to apply for tax exemption
How to submit the form
Differences between Form 1023 and Form 1023-EZ
Form 1023-EZ eligibility requirements
IRS revises Form 1024-A, application for Section 501(c)(4) tax-exempt status as part of ongoing efforts to improve service
Mandatory E-filing of Form 4720
by Private Foundations
Notice 2021-01 provides that, while subject to a delay, private foundations must electronically file Form 4720, Return of Certain Excise Taxes Under Chapters 41 and 42 of the Internal Revenue Code, as required by Section 3101 of the Taxpayer First Act of 2019 (Pub. L. No. 116-25), which amended Section 6033 of the Internal Revenue
Year-end reminder: Expanded tax benefits help individuals and businesses give to charity during 2020
The IRS today explained how expanded tax benefits can help both individuals and businesses give to charity before the end of this year.
The Coronavirus Aid, Relief and Economic Security (CARES) Act, enacted last spring, includes four temporary tax changes that are designed to help people and businesses who give to charity this year. Here is a rundown of these key changes.
Update on Mandatory E-Filing in 2021
The Taxpayer First Act, enacted July 1, 2019, requires tax-exempt organizations to electronically file information returns and related forms. The new law affects tax-exempt organizations in tax years beginning after July 1, 2019.